Michelin acquires PTG and Teleflow

Michelin today announces the acquisition of PTG and Téléflow, both industry leaders in tyre
pressure control systems which allow users to monitor and adapt tyre pressures according to the
terrain and conditions of use. These acquisitions signal Michelin’s intention to become the global
leader for CTIS* in the agricultural market.

This move will enable Michelin to help maximise the agronomic and economic performance of
farmers whilst protecting their most precious asset, the soil. It also heralds the transition of Michelin
Agriculture from simply manufacturing agricultural tyres to being a total solutions provider for all
aspects around and beyond the tyre’s interaction with the ground.

PTG was founded in 1991 by Martin Tigges and employs 12 people at its headquarters in Neuss,
Germany, where they manufacture and sell tyre inflation systems for vehicles and trailers. Experts
in the agricultural world, PTG is an innovative company with differentiating, patent protected and
non-intrusive products which it adapts for each segment of agro-vehicles. Well known for the
AIRBOX/ mobil system for inflation, axle by axle on stationary vehicles, PTG have also developed
the RDS system which brings fully automated pressure adjustment to vehicles whilst on the move.
Asked about the acquisition joint PTG CEO, Peter Tigges said: "I am delighted that PTG have
found a partner in Michelin that shares our passion for innovation, technology and customer
service”.

Established in 1993 by Stéphane Fazekas, Téléflow is based in Roanne, France, and employs 39
people who design, manufacture and sell tyre pressure control systems. These allow pressures to
be adapted according to the terrain by the use of special patented valves. As one of the leaders in
central tyre inflation systems, Téléflow is the biggest supplier of tyre pressure control systems to the
military sector and has a close collaboration with many OE manufacturers. The company’s best
known product allows users to select the terrain and load being transported; the IN-MOTION
CONTROL system automatically adapts the tyre pressures to the conditions on the move. Téléflow
CEO, Guillaume Fazekas commented: "Having developed pressure control systems for over 20
years, the possibility to work alongside Michelin to bring industry leading products and systems to
market is an amazing opportunity”.

Hot on the heels of the launch of the Michelin EvoBib with ADT (Adaptive Design Technology),
this alliance with two European leaders in tyre pressure control systems allows Michelin to provide customers with complete systems to optimise their machines’ interaction with the
ground – both in the field and on the road. Transforming from a pure tyre manufacturer
to a full solution provider, Michelin will meet farmers’ challenges with offers that simplify
tyre pressure management. So pressures can be quickly and automatically adjusted; to
work at low pressures in the field – to protect soil and increase productivity and yields; and
higher pressures on the road – to ensure better stability at high speeds and improve tyre
longevity.

Speaking about the acquisitions, Emmanuel Ladent, President of Michelin Agriculture said: “Our
ambition is to continue innovating to provide increasingly complete solutions, guaranteed by
Michelin, that help farmers optimise the performance of their machines while protecting their soil.
“It also marks the dawn of a new approach for the Michelin Agricultural Product Line. The first
concrete example of this is Zen@Terra, which combines Michelin EvoBib tyres with Adaptive
Design Technology, CTIS* from PTG and Téléflow, and easy-to-use in-cab dashboard control
systems, all backed by a Michelin warranty. This is a complete solution for farmers; it manages all
aspects of tyres and their interaction with the ground, both in the field and on the road, and
ultimately it will help maximise yields, efficiency and economic performance for farmers”.